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Yuri Ferber

๐Ÿ‘ค Speaker
458 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

We started the business in 2014.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

And the next year, we started the business with our first acquisition, and the second acquisition came one year later.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

So the company was bootstrapped with the two acquisitions at that time.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

And on top of those acquisitions, we grew the company so far.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

It's like a 20-fold revenue growth in six years.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

Very small.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

In dollars, it was like $600,000, both.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

Okay.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

The first acquisition of my money.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

The second, it was a venture capital fund that invested in us back in early 2015.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

And what was the size of that round?

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

$3 million.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

I don't know these numbers on my mind.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

So you can make the calculations, but it was like... So just to make it easier, they got like a 34% of our equity with them.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

Okay.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

Got it.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

No, no organic growth since then, six years.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

But the news is that we are raising a second capitalization round right now.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

We are targeting eight times.

SaaS Interviews with CEOs, Startups, Founders
Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised

Eight times, so it's like $80 million pre-money.